Healthcare Recruitment | Employee Compensation in your Cash PracticeAre you struggling to figure out what you should be paying your clinicians or offering prospective employees? Unsurprisingly, employee compensation is one of the most-common issues I’m asked about because it is an inevitable part of growing any practice. 

So this week’s video shares some guidance on what to offer as well as how to avoid a huge-but-common compensation mistake I often see cash-based practice owners making. You’ll learn how to find that sweet spot where you won’t overpay and squeeze your margins or underpay and fail to attract the top talent you need.

More specifically, I discuss these topics related to employee compensation:

  • The critical difference between what you should pay and what you could pay and how it can be a real game changer for your practice.
  • How the kind of non-salary perks a cash-based practice can offer will reduce the total employee compensation necessary to yield top talent.
  • The 3 most-common compensation options found in cash practices.
  • Why it’s a mistake to pay based on a percentage of what you charge patients for each session and what you should do instead.

Healthcare Recruitment | How to Pay Your Employees in your Cash Practice

 

I’ve got a free resource for you: The “Motivator Index,” which will help you determine what sort of incentives will really drive your employees to perform. 

Click below to download this resource to discover how to preserve your practice profits while providing truly valuable rewards for each employee.

Relevant resources:

CBP 135: Compensation strategies that grow a winning cash-based practice team

How to structure a position and compensation package so you can attract the right sort of candidate, including the legal, psychological, and strategic factors to consider.

3 Healthcare Recruitment Strategies to Land A-Level Talent for Your Practice

Learn some specific tactics that can help you find great candidates, manage interviews like a pro, and assemble highly attractive compensation packages.

How to get patients excited to schedule a visit with your new hire

Tips for getting both existing and new patients excited about working with a different clinician, so you can help each new employee begin contributing to the practice profits as quickly as possible.

Do You Know The 5 Characteristics Common To All Successful Cash Practices?

Enter your info to join my newsletter and learn all 5 in this free article series.

 

Thank you! Please check your inbox for an email from me.

The Best Way To Get Started Is To Learn The 5 Characteristics Common To All Successful Cash Practices

Enter your info to join my newsletter and learn all 5 in this free article series.

 

Thank you! Please check your inbox for an email from me.

Almost there!
Enter your info to join my newsletter and get this free article series now.

 

Thank you! Please check your inbox for an email from me.

Latest Podcast Episode

CBP 204: How to convert more of your Facebook leads into cash-pay patients

CBP 204: How to convert more of your Facebook leads into cash-pay patients

Frustrated that your Facebook ads are flooding your practice with leads that never convert? Trust me, you’re not alone! Once you have developed a successful ad campaign, the next hurdle is in separating the wheat from the chaff. So this week I’m discussing how to optimize Facebook leads followup so you…

Get my best cash-pay practice advice, how-to’s, and updates delivered to your inbox

Pin It on Pinterest

Shares
Share This